Market overview
BTC: Overall maintained consolidation yesterday, movement in line with expectations.
4-hour level: downward momentum weakens, initial signs of bullish divergence.
Daily level: Structure is healthy, continuing divergence repair.
Weekly level: Trend remains good, a new round of bullish cycle may have started.
Focus points: Federal Reserve interest rate cut process, changes in trading volume.
ETH: Following BTC for synchronized consolidation, slight increase.
4-hour level: momentum recovery, initial formation of bullish divergence.
Daily level: Structure is healthy, still in a consolidation phase.
Operational strategy: Wait for consolidation to end, then follow up when opportunities arise.
Altcoin sector
Index slightly up, but market sentiment is low.
Focus point:
BTC market share and fiat trading flow → Determine if retail investors are entering the market
Medium-term: Consider positioning in advance
Short-term: Can follow higher market cap varieties; low market cap coins have not shown signs of widespread increase
ETH ecosystem: Pay attention to the volume of sub-coins
Key target: Continue holding PENDLE
Event perspective:
BSC launches new activities
Alpha activities are frequent → Recommended to frequently earn Alpha points, potential for profit
Fundamentals & Primary Market
Fundamentals: No major news at the moment
Primary Market:
Increased activity in the secondary market
BSC and X-chain have recently gained high popularity, likely to see phase-specific hot projects
Key technical levels
BTC: Support 112,500 – 113,500; Resistance 115,000 – 116,000
ETH: Support 4,150 – 4,250; Resistance 4,400 – 4,450
Summary:
The market maintains healthy consolidation, BTC/ETH bullish divergence signals are emerging, weekly trend is bullish. Altcoins still need to wait for liquidity transfer; high market cap targets and the ETH ecosystem are more worthy of attention.
Continued attention: $BTC $ETH $SOL MEME SAPIEN BAND BIO
